Stock Market Highlights: Sensex gains 224pts led by IT, Nifty ends at 23,213; Auto, FMCG shares fall

Markets Today Highlights:Among the broader markets, the Nifty Midcap100 and Nifty Smallcap100 ended with gains of 0.41 per cent and 0.56 per cent, respectively

Stock Market Highlights, Wednesday, January 15, 2025: Benchmark equity indices BSE Sensex and NSE Nifty50 ended in positive territory for the second consecutive session on Wednesday. The 30-share Sensex added 224.45 points, or 0.29 per cent, to settle at 76,724.08. The index traded in the range of 76,991.05 to 76,479.70 today. 

 

The NSE Nifty50 settled in the green at 23,213.20, with gains of 37.15 points, or 0.16 per cent. Nifty50 was seen at its day's high of 23,293.65, while the day's low was quoted at 23,146.45.  

27 out of 50 constituent stocks of Nifty50 ended in the green, with gains led by Trent, NTPC, Power Grid, Kotak Mahindra Bank, and Maruti Suzuki of up to 4.01 per cent. Conversely, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Bajaj Finance, and Shriram Finance were among the 23 constituent stocks that ended in the red, with losses extending up to 2.90 per cent. 

Meanwhile, the fear index, which gauges volatility in the markets, ended 1.37 per cent higher at 15.26 points.

 

Among the broader markets, the Nifty Midcap100 and Nifty Smallcap100 ended with gains of 0.41 per cent and 0.56 per cent, respectively.  Sectoral markets ended on a mixed note on Wednesday, with Nifty IT and Realty indices leading the gains of up to 1.39 per cent, while Nifty Auto, FMCG, Media, and Healthcare indices were among those that ended lower, with losses extending up to 1.78 per cent.

 

3:59 PM

Stock Market Highlights LIVE Updates: Domestic market to be volatile due to elevated US bond yields

The domestic market continues to be volatile on account of elevated US bond yields, strengthening dollar, and increasing FIIs outflows. Global markets are cautious ahead of the US December CPI inflation data, which is anticipated to be in the elevated range in the short-term, limiting FED’s ability to cut rates. Also, a rise in oil prices & dollar appreciation is likely to affect domestic inflation in the near future.

(View by: Vinod Nair, Head of Research, Geojit Financial Services)

3:58 PM

Stock Market Highlights LIVE Updates: Market sentiment to stay positive as long as it stays above 23,000

Another day of choppy trades was witnessed as the market lacked direction. However, sentiment is likely to favor a recovery in the short term, with the potential to reach 23,400 on the higher end.

The sentiment is expected to remain positive as long as the market stays above 23,000. A buy-on-dips strategy appears to work well in the current scenario.

(View by: Rupak De, Senior Technical Analyst at LKP Securities)

3:46 PM

Stock Market Highlights LIVE Updates: NTPC, Trent, Power Grid gain on NSE

NTPC, Trent, and Power Grid were among the top gainers on NSE. 

3:44 PM

Stock Market Highlights LIVE Updates: Nifty Realty, IT advance among sectors

Among sectoral trends, Nifty Relaty outran others and was followed by Nifty IT and Nifty Consumer Durables. 

3:41 PM

Stock Market Highlights LIVE Updates: Broader market check

The BSE MidCap index closed 0.11 per cent higher, while the BSE SmallCap index finished 0.34 per cent higher.

3:38 PM

Stock Market Highlights LIVE Updates: Heatmap check

18 out of 30 stocks end in the positive territory on Wednesday. 

3:38 PM

Stock Market Highlights LIVE Updates: Nifty ends above 23,200

The NSE's Nifty50 closed at 23,213 level, up 37 points or 0.16 per cent.

3:33 PM

Stock Market Highlights LIVE Updates: Sensex closes over 200 pts higher

The BSE Sensex closed 224 points higher at 76,724 level on Wednesday.

3:23 PM

Stock Market LIVE Updates: Weak O2C biz likely to drag earnings for RIL again in Q3 results

Reliance Industries Limited (RIL)’s core business is expected to once again drag earnings for the oil-to-telecom conglomerate in the third quarter of the current financial year (Q3FY25), said analysts.

 

Earnings estimates for the Mukesh Ambani-promoted entity are expected to either remain flat or decline marginally at the Ebitda level, compared to a year ago. Ebitda is earnings before interest, taxes, depreciation and amortisation.

 

RIL is slated to declare its financial results for Q3FY25 on January 16.  

 

In a Bloomberg poll, seven analysts estimated a consolidated revenue of Rs 2.37 trillion and six analysts foresaw a net income adjusted of Rs 18,940 crore for Q3FY25. Read more

3:18 PM

Stock Market LIVE Updates: India's exports contract 1% to $38 bn in December, imports soar 4.9%

India’s merchandise exports contracted 1 per cent to $38.01 billion in December while imports rose by 4.9 per cent to $59.95 billion leading to a trade deficit of $21.94 billion during the month, according to data released by the commerce department.

 

The United Nations Trade and Development (UNCTAD) in its Global Trade Update last month said potential shifts in United States (US) trade policy to a more protectionist one, inward looking industrial policies in many countries, threat of renewed and expanded trade wars along with ongoing geopolitical tensions are set to negatively influence international trade in 2025. Read more

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade higher

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were trading higher on Wednesday.

At 3 PM, the BSE Sensex was higher by 234.14 points, or 0.31 per cent at 76,733.77, and the Nifty50 was at 23,209.75, ahead by 33.70 points or 0.15 per cent.

 

2:56 PM

Stock Market LIVE Updates: Asset Management Company shares rally up to 7% on HDFC AMC's strong Q3 nos

Stock Market LIVE Updates: Shares of asset management companies (AMCs) have rallied by up to 7 per cent on the BSE in Wednesday’s intra-day trade after HDFC AMC reported a healthy set of numbers for the quarter ended December 2024 (Q3FY25).

Shares of HDFC AMC surged 6 per cent to Rs 4,112.90, after the company reported that its profit after tax grew 30.8 per cent year-on-year (YoY) to Rs 641.8 crore, despite other income declining 34.5 per cent YoY, and 54.4 per cent sequentially, to Rs 93 crore owing to mark-to-market (MTM) impact of its equity investments. READ MORE

 

2:47 PM

Stock Market LIVE Updates: Sudarshan Chemical buys Germany-based pigment company Blitz F24-526 for EUR 29,500

Stock Market LIVE Updates: Sudarshan Chemical Industries informed on Tuesday, January 14, that it has acquired a Germany-based company, Blitz F24-526 GmbH, that would operate in the Pigment industry, for a total cash consideration of EUR 29,500.

The company, in an exchange filing, said, "We wish to inform you that Sudarshan Europe B.V., Wholly Owned Subsidiary of the Company, has acquired an entity incorporated in Germany, named “Blitz F24-526 GmbH”". 

The newly acquired Company would operate in the Pigment Industry, it added.

 

2:39 PM

Stock Market LIVE Updates: Axis Bank Q3 results: Analysts expect flat loan, deposit growth, weak NIM

Stock Market LIVE Updates: Axis Bank is set to kick start the December quarter results for the current financial year (FY25), for large-cap private banks, when it will announce its Q3 results on Thursday, January 16, 2025.

There are expectations, as per analysts, that Axis Bank Q3 results could be a weak set of numbers, dragged by weak loan and deposit growth, coupled with margin pressure, and poor asset quality.

During the December quarter of the previous financial year (Q3FY24), Axis Bank reported a net profit of Rs 6,071 crore, supported by a net interest income (NII) of Rs 12,532 crore. READ MORE

 

 

2:33 PM

Stock Market LIVE Updates: Carborundum Universal's Russia-based unit, Volzhsky Abrasive sanctioned by US govt

Stock Market LIVE Updates: Carborundum Universal informed on Tuesday, January 14, that its step-down material subsidiary, Russia-based Volzhsky Abrasive Works (VAW), has been added to the US Department of Treasury's Office of Foreign Assets Control (OFAC)'s Specially Designated Nationals and Blocked Persons List (SDN list), for operating or having operated in the manufacturing sectors of the Russian Federation economy.

The company, in an exchange filing, said, "We wish to inform you that today, the Board of Directors of the Company met to take note of an event relating to M/s. Volzhsky Abrasive Works (VAW), Russia, a step-down Material subsidiary of Carborundum Universal Limited (CUMI).

As per the US Department of State’s press release dated 10th January 2025, a set of Russian companies in the manufacturing sector which includes VAW were added to the US Department of Treasury’s Office of Foreign Assets Control (OFAC)’s Specially Designated Nationals and Blocked Persons List (SDN list), for operating or having operated in the manufacturing sector of the Russian Federation economy".

As a result of VAW’s designation, all of VAW’s property and interests in property that are in the United States or in the possession or control of US persons are blocked, it added. "Further, most financial transactions involving US currency and transactions involving US persons are not possible for VAW unless authorised by a general or specific license issued by OFAC or exempt," it noted.

As of the date of this letter, VAW has no business operations/ sales in the US. VAW is assessing the impact of its designation, the company said, while adding that any material updates will be informed post completion of the assessment by VAW.